Thread regarding Fidelity Investments layoffs

RTO attrition

How will RTO be used in place of a layoff? The managers in my group don’t even show up all the time and take a lot of PTO during connect weeks.

I assume nothing will really happen to managers but what will the trickle down impact will this have on their teams? I assume managers are also nagged about their attendance?


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| 2 views | | 5 replies (last May 14) | Reply
Post ID: @OP+1krbyk7n2

5 replies (most recent on top)

I know PTO is allowed now but that used to be “a trend”. I’m just saying the managers my my department don’t lead my example and are usually out of the office on connect weeks.

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Post ID: @q3+1krbyk7n2

OP, taking PTO during connect week IS allowed.

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Post ID: @dp+1krbyk7n2

@b7 my guy, Fidelity didn’t build Ireland operations because they were searching the globe for the purest concentration of Galway talent. It’s pretty simple actually. You must be aware that irelands corporate tax rate is roughly 12.5% vs ~35% in the states.

I think you might have misunderstood why Boston HQ likes Ireland lol. The entire multinational finance industry uses Ireland for access to tax efficiency. Your accents are just a bonus. Truly adorable.

What’s really wrong across the pond, another soft day? Only messing. Pure craic, take it easy xx

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Post ID: @bj+1krbyk7n2

I am in Galway Ireland, and I can tell you that all those who quit will be Irish citizens. They are settled in far away locations in their own homes, school and community. And Fidelity Ireland will be forced to fill up offices with all Indians, Chinese and other Asians etc, and recent Graduates. The quality and culture will go Down. And people will just blame migrants for fault of Management in Boston. This will reduce headcount, if that's what management wants, but those who leave will be top performers and those who stay back will be medicore.

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Post ID: @b7+1krbyk7n2

You are wrong. Everyone is held to the RTO rules. Stop spreading lies

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Post ID: @ar+1krbyk7n2

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